Brexit ‘disaster’ cost 40,000 finance jobs
- 16-Oct-2024
LONDON: UK’s departure from the European Union -Brexit- cost London’s financial centre about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates. Michael Mainelli said Dublin had gained most, attracting 10,000 positions, while cities such as Milan, Paris and Amsterdam had also benefited […]
UK’s post Brexit border arrangements to cost $6 billion
- 20-May-2024
LONDON: The British government estimates it will spend at least 4.7 billion pounds ($6 billion) on implementing post-Brexit border arrangements, after repeated delays in setting new rules, parliament’s spending watchdog said on Monday. Britain voted to leave the European Union in 2016 but, such was the scale of the task to untangle supply chains and […]
Brexit to blame for Britain’s food bill rise
- 26-May-2023
LONDON: Brexit- Britain’s departure from the European Union- has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 250 pounds ($316), researchers from the London School of Economics and other universities said. Britain has been battling inflation for over a year, partly driven by its highest rate of […]
‘Change Brexit deal or watch car plants close’
- 17-May-2023
British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis has said, the latest in a series of warnings from the auto industry since the country left the European Union. The world’s No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen […]
UK govt rejects criticism that Brexit has failed
- 16-May-2023
Britain’s departure from the European Union has not been a failure, Prime Minister Rishi Sunak’s spokesperson said on Tuesday, rebuffing criticism from prominent eurosceptic politicians about how Brexit had been implemented. Nigel Farage, the British politician who helped force a Brexit referendum in 2016 and successfully campaigned to leave the European Union, said on Monday […]
‘Downton Abbey’ castle halts weddings due to Brexit
- 14-Mar-2023
It is a problem the butler of “Downton Abbey” might have sympathised with. Highclere Castle in southern England, where the early 20th century period drama about the lives of aristocrats and their servants was filmed, is facing a serious staffing crunch. The reason is the dearth of workers from the European Union, which has forced […]
Britain and EU unlikely to change Brexit deal much
- 24-Jan-2023
Britain and the European Union are unlikely to fundamentally change their underlying Brexit settlement, making sector-specific deals for financial services, fisheries and energy necessary to prevent more disruption, a report said. The report from academic body UK In a Changing Europe (UKICE), published on Tuesday, said that despite a significant economic hit to Britain from […]
Brexit deal termed a ‘nightmare’
- 22-Dec-2022
More than three quarters of British companies have reported that the trade agreement between the European Union and Britain under Brexit has made it difficult for them to increase sales and grow their business, a British Chambers of Commerce survey showed. The survey of more than 1,168 businesses, which was published on Wednesday, showed significant […]
‘The destiny of UK is Europe, Brexit was a mirage’
- 24-Oct-2022
Britain’s destiny lies in Europe and the country had been sold “a sort of mirage” with Brexit, said European Union industry chief Thierry Breton on Sunday, as he commented on the political turmoil currently afflicting the UK. “They had been sold a sort of mirage. Clearly its destiny is Europe,” French politician Breton, who is […]
Brexit blamed as UK faces Channel port logjam
- 24-Jul-2022
LONDON: Unions, port officials and the French authorities blamed Brexit on Saturday as thousands of holidaymakers faced long delays trying to reach Europe via the English Channel port of Dover. UK Foreign Secretary Liz Truss laid the blame squarely on Paris, insisting: “The French authorities have not put enough people on the border.” But officials […]